MK News – Statement "The adoption of growth is a specific way to implement income-led growth"

On the 24th, Cheong Wa Dae distinguished it from the existing concept of income-led growth by embracing inclusive growth as a sign that symbolizes the government's economic policy. It is to clarify the paradigm shift towards the people-centered economy through inclusive growth including welfare and the social safety net, while income-based growth is closely perceived. as stuck in the minimum wage. He also showed that inclusive growth and income-led growth would lead to economic policy trends.

Kim Kyeong-tae, spokeswoman for Cheong Wa Dae, said at a meeting in the spring: "There is one side where the sense of inclusive growth mentioned by President Moon is interpreted differently. "

"Welcoming growth is a great concept and a global concept," said President Moon, "there is revenue-driven growth, innovation growth and a just economy to make this inclusive growth a reality." This implies that inclusive growth is not a substitute for income-led growth as a higher-level concept.

President Moon said, "The adoption of growth is used as a concept against neoliberalism." "Neoliberalism is an exclusionary growth that excludes a large number of beneficiaries from growth," he said, "this exclusionary growth can not support the economy and is an obstacle to growth ". Conversely, "Inclusive growth is growth that is distributed to a large number of people and benefits the entire spectrum."

Cheong Wa Dae also clarified the academic definition of inclusive growth in the Organization for Economic Co-operation and Development (OECD).
A spokesman Kim said, "Although it does not intervene in primary distribution by wages, it leaves the market free, but it does not act as a scholar in the role from the redistribution of income into the secondary distribution of taxes, As a term, inclusive growth. "

Cheong Wa Dae also explained the concept of inclusive growth that President Moon used in his first presidential race in 2012. Kim said, "Mr. Moon has written the concept of inclusive growth not just in big business , SMEs, full-time and part-time workers, the rich and the poor, but also inter-Korean issues.In this regard, "While there may be a conceptual confusion between economists and the book, "The concept of the book is different from this one," I asked the politician to understand embraced growth as a concept that was told to people. .

As to why inclusive growth appeared at the beginning of the recent economic policy, it says: "It is time to worry and look for more specific solutions (income-led growth, growth of innovation, fair economy) "

President Moon warned that income-led growth would only be perceived through wage-driven growth, such as the increase in the minimum wage.

million. Moon said, "Revenue growth has led to wage-led growth in the ILO." However, there are about 7 million self-employed people in our country, and wages it is named as a growth income-oriented according to the senior recommendation. "

A spokeswoman Kim said, "With regard to President Moon's promise of a minimum wage of 10,000 won, the issue of the minimum wage is left to the independent judgment of the minimum wage deliberation committee." President Moon has never given up on his "He said." I apologized for not being able to keep the minimum wage of 10,000 won by 2020 because of the difficulties under the current conditions and circumstances. "said Moon," there is an upheaval in the direction, the principle and the principle of increased income. "" He said, "I did not say."

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